Ebid commits EUR 269.5 million to development in the Republic of Guinea
The ECOWAS Bank for Investment and Development (EBID) and the Government of the Republic of Guinea signed three loan agreements on Thursday, 10 September 2026, in Conakry, Guinea, totalling EUR 269.5 million to finance strategic projects in the health, transport and energy sectors.
EBID, the European Bank for Investment and Development, has committed EUR 269.5 million to a series of infrastructure projects in the Republic of Guinea. The funding will be used to construct the Siguiri Regional Hospital for EUR 65.8 million, pave 84 kilometers of roads between Cissela, Banko, and N Dèma, as well as between Banko and Saraya for EUR 143.05 million, and develop the Tinkisso 2 Hydropower Project for EUR 60.6 million.
These investments will significantly benefit Guinea by providing renewable energy to over 350,000 people, improving connectivity and trade in the region, and extending specialized healthcare to more than 1.7 million people. Dr. George Agyekum Donkor, President and Chairman of EBID, emphasized that the financing showcases the bank's commitment to high-impact investments that foster sustainable growth, resilience, and improved well-being for communities.
These projects align with Guinea's economic transformation agenda and the Simandou 2040 Programme, addressing infrastructure gaps and enhancing national competitiveness. The initiatives also support the United Nations Sustainable Development Goals, specifically SDG 3, SDG 7, and SDG 9, while advancing EBID's GRO Strategy for 2026-2030, focusing on inclusive growth and sustainable development.
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